Home 2019 September 5

Daily Archives: September 5, 2019 | 10:32 pm

Salvador S. Panelo

Palace sees next gov’t implementing IRA ruling

THE government will honor a Supreme Court ruling to expand payments to local governments from national government revenue starting 2022, rebuffing a request by governors to implement the new payment scheme earlier.
Supreme Court

Gov’t picking projects to scale back to accommodate IRA ruling

ECONOMIC managers told the Senate that a Supreme Court ruling expanding the share of local governments in national government revenue has led to ongoing discussions about the scaling back of certain national government projects.

DoTr says EDSA decongestion measures to take longer without emergency powers

THE Department of Transportation (DoTr) said measures to decongest Metro Manila’s main thoroughfare, known as EDSA, can be implemented without the use of emergency powers but will take longer to complete.
rice grains farmer

More provinces commit to direct palay purchases

THIRTY local government units have committed to procure, process, and market palay, or unmilled rice, directly from farmers to support the market amid the collapse in farmgate prices.
power lines

Power market testing trading systems ahead of Mindanao WESM

THE power market operator is conducting parallel operations of its old and new trading software as it expects the wholesale electricity spot market (WESM) in Mindanao to start operating once the other participating entities are ready.
National Economic and Development Authority (NEDA)

Trade war impact minor, attracting locators seen as key while firms flee China —...

THE National Economic and Development Authority (NEDA) said the trade war is expected to dampen Philippine growth by only a tenth of a percentage point, but highlighted the importance of improving the economy’s attractiveness to locators fleeing China.

Senate version of e-cigarette tax seen generating P3.2B

THE Senate ways and means committee was told Thursday that the version of the e-cigarette tax before it hopes to generate P3.2 billion in the first year of implementation, much higher than the equivalent House bill’s projection of P1.2 billion.
sugar cane

Sugar output expected to fall 5% in current crop year

RAW SUGAR production for crop year 2019-2020 is projected at 2.096 million metric tons (MMT), or 5% lower than the estimated production for 2018-2019.
Carlos G. Dominguez III

DoF touts 2-year review period for incentives under CITIRA

THE Department of Finance (DoF) said it is considering a review of tax incentives granted to companies every two years to validate whether the perks given are having a “positive impact,” with the review period contained in upcoming tax legislation.

DoT ties up with Emirates to market PHL to European travelers

THE Department of Tourism (DoT) signed a partnership Thursday with Dubai’s Emirates Airlines (Emirates) to promote the Philippines as a destination to the airline’s European passengers.

Impunity and discretionary justice

The phrase “heinous crimes,” for which death is their preferred penalty, falls often from the mouths of the advocates of state-sponsored murder, whether capital punishment, or the use of extrajudicial killings against suspected drug users and pushers as well as lawyer-, student-, farmer- and worker-activists and regime critics. Include in this lot certain senators and congressmen, the police and military, some judges, and, of course, the current president of this endangered republic.

The Bilibid redemption

We all have our purpose in life, to find our own place under the sun. We grew up in the gory days of the Vizconde massacre in Parañaque in 1991, Chiong sisters rape-slay in Cebu in 1997, and the murder of Bubby Dacer in Cavite in 2000. We remember the crimes against Maggie dela Riva, Pepsi Paloma, and Leonardo Villa in the decades past.

The spectrum

Foodies fit into different categories and sub-classifications. Omnivore, carnivore, pescetarian, vegetarian, vegan, and flexitarian. The variations are growing.

Let’s not SOGIE the military

Lost within the frenzy of emotional arguments surrounding the Sexual Orientation, Gender Identity and Expression (SOGIE) bills (HBs 134/136 and SBs 159/412/689) is the fact that a valuable sector of our society has been kept silent. Not much heard regarding its obviously important opinions, views, experiences, and insights as to the propriety (or absence of it) of the proposed legislation.

Every dark cloud has a silver lining

A cloud with a bright outline along its edges indicates that the sun is behind it. This natural phenomenon is the basis of the popular saying “every dark cloud has a silver lining,” which means it is possible for something good to come out of a bad situation.

Peso slips on rate cut bets as inflation slows

THE PESO weakened on Thursday despite positive developments regarding the US-China trade war and slower Philippine inflation in August.

Stocks extend climb on inflation, US-China talks

LOCAL SHARES continued their recovery on Thursday on the back of slower Philippine inflation and positive developments in Hong Kong and the US-China trade war.

Charges vs Faeldon sought for botched parole

CHARGES must be filed against the country’s prison chief, whom President Rodrigo R. Duterte had fired, for the botched parole of a former mayor convicted of rape and murder, an opposition senator said yesterday.

American held after baby found in her bag

GOVERNMENT agents yesterday filed a human trafficking complaint against an American who got arrested for trying to sneak out of the country a six-day old infant without proper travel documents.

DoJ asked to junk sedition complaint

TWO former opposition senators and a losing senatorial candidate have separately asked government prosecutors to dismiss sedition charges against them.

Quirino celebrates Panagdadapun Festival

GETTING TO Quirino requires a long journey — either by plane from Manila to neighboring airports plus a one to three-hour drive, or an eight-hour land trip — but the province promises attractions that would make it worthwhile.

9 establishments closed: No more bar curfew, but Iloilo City gets stricter on regulations

NINE ESTABLISHMENTS have been shut down by the Iloilo City government for violations of Executive Order (EO) No. 46, which regulates bars and other leisure spots.

APO Cement adjusts delivery operations to help ease Naga City traffic

APO CEMENT Corp. has agreed to stop the movement of its delivery trucks during peak hours of the day to help address the traffic problem in Naga City, according to Cebu Gov. Gwendolyn F. Garcia.

Roxas Night Market eyed as maximum security zone

THE NIGHT Market along Roxas Avenue in Davao City, site of a bombing in September 2016, will be recommended for declaration as a maximum security zone.
PDIC logo

PDIC to bid out 76 properties around Mindanao

A TOTAL of 76 closed banks’ assets, located in different parts of Mindanao, will be bid out on an “as-is, where is” basis by the Philippine Deposit Insurance Corporation (PDIC).

Nation at a Glance — (09/06/19)

News stories from across the nation. Visit www.bworldonline.com (section: The Nation) to read more national and regional news from the Philippines.

UAAP 82: UST out to build on opening-day victory

GOT their University Athletic Association of the Philippines Season 82 campaign to a winning start, the University of Santo Tomas Growling Tigers look to build on it and continue rolling with a team that they are high on being able to get it done.

Gilas battles Tunisia in start of classification round

HAD it rough in group play in the ongoing FIBA Basketball World Cup in China where it finished winless in Group D, Gilas Pilipinas now looks to catch a break in the classification round beginning with Tunisia today.

Azkals yield to Syria, 5-2, in Bacolod

THE Philippine men’s national football team got tripped in the opener of its campaign in the second round of joint qualification for the World Cup 2022 and Asian Cup 2023, losing to Syria, 5-2, in a home game on Thursday at the Panaad Park and Football Stadium in Bacolod City.

All-Filipino world title fight set in Taguig this weekend

AFTER a very long time, an all-Filipino world boxing title fight happens on Philippine soil as Samuel Salva and Pedro Taduran dispute the vacant International Boxing Federation (IBF) minimumweight crown on Saturday.

San Beda goes for sweep of NCAA first round

THE DEFENDING champions San Beda Red Lions seek to keep their unblemished record intact and sweep the first round of the eliminations of National Collegiate Athletic Association Season 95 when they take on the streaking Mapua Cardinals in league action today (Sept. 6) at the Cuneta Astrodome in Pasay City.

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Fresh start

Dwight Howard’s conference call yesterday didn’t last long. In fact, it cost scribes only a quarter of an hour to sit through, and even less to consider his statements. If nothing else, he was consistent in his message: Whatever excess baggage he may have brought with him to Los Angeles, he’s looking to the future with eyes wide open and prepared to do whatever he can to help the Lakers win. And, taken in the context of all the workout and training videos of him surfacing on social media since he signed a non-guaranteed contract two weeks ago, his pronouncements come across as genuine and heartfelt.

More and higher-quality jobs in July

LATEST LABOR data show more Filipinos have entered the labor force as well as a decline in the ranks of those employed but who...

Factory output declined for eighth straight month in July

Manufacturing output once again declined in July, extending its contracting streak to eight straight months, the government reported this morning. Preliminary results of the...

August Inflation slowest in three years

Inflation softened at its slowest pace in three years in August, the Philippine Statistics Authority reported this morning. Headline inflation, which denotes the general increase...

Nickel output growth seen ‘subdued’

PHILIPPINE production of nickel is expected to continue “modest growth” in the next few years as a negative policy environment and falling ore grade offsets the effect of mines restarting after a 2017 crackdown on environment law violations, Fitch Solutions Macro Research said in a Sept. 3 industry trend analysis e-mailed to journalists on Wednesday.

Metro Pacific hospital unit plans P83-B IPO

METRO PACIFIC Hospital Holdings, Inc. (MPHHI) is embarking on an P83.3-billion maiden share sale to expand its hospital network and as part of parent Metro Pacific Investments Corp.’s (MPIC) efforts to sell down assets.

SEC tells listed firms to submit policies on related party transactions

THE SECURITIES and Exchange Commission (SEC) has ordered listed companies to submit their policies on “material” related party transactions (RPT) by Oct. 28, according to a notice posted on its Web site.

Forum: Reforms key to attracting investments

THE PHILIPPINES has been catching the eye of prospective foreign investors due to tax reforms pushed by the administration of President Rodrigo R. Duterte, but more needs to be done to make it easier to do business in the country according to speakers at a forum on Wednesday.

MPIC unit bags Dumaguete deal

A WATER unit of Metro Pacific Investments Corp. (MPIC) is partnering with the Dumaguete City Water District (DCWD) to rehabilitate and expand its existing facilities for P1.62 billion.

Urban crocodile

HUMANS are arguably the world’s most successful predator, occupying a space atop the food chain. On this pedestal, we have been made free to consume every type of animal there is.

CHP seeks shareholder approval for capital hike

CEMEX Holdings Philippines, Inc. (CHP) looks to secure shareholder approval to increase its authorized capital stock next month, amid plans to raise up to $250 million through a stock rights offering.

Franco-Asian flavors at Solaire

CONTINUING its Culinary Masters Series, Solaire Resort and Casino brings Singapore’s top celebrity chef Justin Quek and his signature Franco-Asian dishes to the restaurants Red Lantern and Lucky Noodles.

First Gen looking to expand reach of FSRU to Visayas, Mindanao

FIRST GEN Corp. is looking to expand the reach of its planned floating storage regasification unit (FSRU) for natural gas to the provinces, including those in the Visayas and Mindanao, a company official said on Wednesday.

Wine appreciation classes offered next week

THE Wine and Spirit Education Trust (WSET), the largest global provider of wines and spirits qualifications, is set to hold several events in observance of Wine Education Week which runs from Sept. 9 to 15. This is the first global initiative of WSET and it coincides with the program’s 50th anniversary.